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Alpha Natural posts loss on weak coal prices
November 2, 2012 / 11:11 AM / 5 years ago

Alpha Natural posts loss on weak coal prices

Nov 2 (Reuters) - Alpha Natural Resources Inc, the third-largest coal producer in the United States, posted a loss for the fourth straight quarter on weak prices.

Net loss was $46 million, or 21 cents per share, in the third quarter, compared with a profit of $63 million, or 28 cents per share, a year earlier.

Revenue fell 30 percent to $1.63 billion.

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